Topic:

Acquisitions

Acquisitions

Google To Acquire Nest Labs For $3.2 Billion

Nest cofounder Tony Fadell (Getty)

To cap off a day of tree-themed acquisitions, Google has announced it’s shelling out $3.2 billion in cash for Nest: a company that makes super smart thermostats and smoke alarms.

Nest, which launched in 2011, aims to “take the unloved products in your home and make simple, beautiful, thoughtful things,” according to the company’s website. For those of you that don’t speak startup, that basically means they replace your junky old impossible-to-use thermostat with one that has motion sensors and WiFi connectivity. Read More

Acquisitions

Ticketing Site SeatGeek Acquires Competitor FanSnap, Shuts It Down

Sports happen here, we guess. (Photo: Hashgram)

Using Liz Lemon’s school of philosophy, ticketing service SeatGeek acquired competitor FanSnap and is shutting it down.

SeatGeek, a New York-based company that describes itself as the “Kayak for event tickets,” announced today that it has purchased the assets of FanSnap for an undisclosed price. Since both sites basically do the same thing, SeatGeek’s first acquisition knocks out a major competitor. Read More

Acquisitions

Developer Network Forrst Acquired Again, This Time by Design Company ZURB

(Photo: Zurb)

Forrst, a developer network that came out of the 500startups accelerator, announced today that it has been acquired by ZURB, a 15-year-old community for product designers to help companies do design work. This is the second acquisition for Forrst in less than a year; back in March, it was acquired by design community Colourlovers. The acquisition price has not been disclosed. Read More

Acquisitions

Kayak, That Travel Site You Love, to Be Purchased for $1.8 B. by Captain Kirk’s Priceline

This guy used to be a fucking STARFLEET Captain! [Photo: WJYY)

Kayak, your favorite travel site, which easily serves up the cheapest flight and hotel prices across the web, has been acquired by fellow travel site Priceline, also known as “that thing William Shatner did after Star Trek.” According to a press release published by Skift, the two have entered into a definitive agreement for Priceline to acquire Kayak for $1.8 billion. Read More

Acquisitions

TripAdvisor Acquires Brooklyn-Based Travel Site Wanderfly

All your friends suggest you visit the Taj Mahal. (Photo: screencap)

Yet another fledging New York startup has been snapped up by a bigger tech company. TechCrunch reports that Brooklyn-based travel recommendation engine Wanderfly has just been acquired by TripAdvisor, a company which (let’s face it) could probably use a heavy-duty dose of startup cool.

Wanderfly’s comparatively tiny team still works out of the Yard in Williamsburg.

According to an announcement from their brand new corporate parent:  Read More

Acquisitions

Square Acquires NYC Design Agency 80/20

Mr. Borovsky, Mr. Knight and Mr. Lin (Photo: 8020.com)

All-natural candy lover Jack Dorsey announced on his Twitter today that Square, the payment service seeking to disrupt credit card systems, has acquired 80/20, a design agency based in New York. “Square acquires 80/20, one of the best design agencies in the world, and with it, an office in SoHo,” he tweeted. “We believe in NYC.”

Read More

Acquisitions

Mobile Payments Startup Venmo Acquired by Braintree

Mr. Kortina (Photo: Twitter)

A source familiar the deal told Betabeat yesterday that Venmo, a New York City-based mobile app that lets you split bills with friends, is in the process of being acquired by Braintree, a Chicago-based online payments company and PayPal competitor. The New York Times broke the news this afternoon, reporting a $26.2 million acquisition price. On the company blog, Venmo said the deal closed in mid-June and that its payment-sharing service “will remain unaffected” and continue to operate as a wholly-owned subsidiary.

Venmo and Braintree share an investor, Palo Alto powerhouse Accel Partners, which also invested in Facebook.

The two startups do seem to be in the midst of a mutual appreciation society. Last week, Braintree’s community manager Kristi Lynch tweeted, “I know it sounds weird, but the @Venmo app makes me wish I owed more people money.” Two Venmo employees favorited the tweet.

Venmo was founded in Philadelphia in 2009 by two former college roommates, Andrew Kortina and Iqram Magdon-Ismai. The duo eventually moved the company to New York City, where Venmo become one of the early stars in the city’s growing tech orbit, embraced by early adopters for making it easier to split the cost of dinner, drinks, monthly cable bills–or any of the innumerable costs of urban life–over their phones. There were even cutesy, customizable receipts, eagerly tweeted out by the Alley in-crowd. Read More